Germany has followed, France, UK and the United States in their search to find the source of the coronavirus following the virus going pandemic and imposing a humongous economic cost on the global economy. Bild, a major German newspaper has… Read More ›
China
China faces double whammy from coronavirus infections and African Swine flu, food security at risk
On Monday, an official from China’s agriculture ministry stated, its farm production and market operations face significant challenges this year and faces a double threat of imported coronavirus cases as well as African swine fever. During a video conference on… Read More ›
China may have conducted zero yield standard nuclear test at Lop Nur nuclear test site: State Department
In a report, the U.S. State Department stated, China may have secretly conducted a low-level underground test explosions nuclear despite being a signatory to an international pact which bans such blasts. The findings, which were first reported by the Wall… Read More ›
Chinese airlines report $4.8 billion loss in first quarter
On Wednesday, China’s aviation regulator reported, Chinese airlines have reported a total loss of $4.8 billion (33.62 billion yuan) during the first quarter with the coronavirus pandemic having a deep impact on travel demand. In February,Chinese airlines suffered a record… Read More ›
China’s trade surplus with U.S. narrowed to $15.32 billion in March
On Tuesday, according to China’s customs data, trade surplus with the United States has narrowed to $15.32 billion at the end of March. In comparison, during the January to February period, China’s trade surplus with the United States stood at… Read More ›
Q1 of 2020 saw China import $5.05 billion of U.S. agricultural produce
According to customs data, in the first three months of this year, China imported U.S. farm goods worth $5.05 billion (35.56 billion yuan), up by 110% from last year. Under the phase 1 trade deal, China has committed to purchasing… Read More ›
China buying U.S. agricultural products as per Phase 1 trade agreement, looks forward to coordinated response
On Sunday, China’s Global Times cited China’s ambassador to the U.S. as saying, China is in the midst of implementing the first phase of the U.S.-China trade pact and hoped that the two could work together to assess the changing… Read More ›
China’s banking regulator intensifies effort to channel more funds and regulate finances of SMEs
On Friday, China’s banking regulator stated, it will start monitoring the quantum of support being provided by lenders to struggling smaller firms, in what is the latest push to channel more funds into the country’s most vulnerable business sector. For… Read More ›
China facing unprecedented economic challenges: China’s assistant commerce minister
On Friday, China’s assistant commerce minister Ren Hongbin told reporters, Beijing is facing unprecedented challenges because of the coronavirus pandemic that has spread across the globe to more than 200 countries. At a news briefing, Ren Hongbin said, following a… Read More ›
Nissan’s China sales drop by 44.9, sees signs of recovery in market
On Wednesday, in a statement Japanese automaker Nissan said, sales in China in March have dropped by 44.9% from a year earlier to 73,297 units. The coronavirus epidemic continues to ravage the global automotive industry. On a positive note, Nissan,… Read More ›